Cognex Co. (CGNX) Holdings Lifted by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY raised its position in Cognex Co. (NASDAQ:CGNX) by 105.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,718 shares of the scientific and technical instruments company’s stock after buying an additional 3,443 shares during the period. Burns J W & Co. Inc. NY’s holdings in Cognex were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AHL Partners LLP increased its holdings in Cognex by 0.8% in the second quarter. AHL Partners LLP now owns 2,842 shares of the scientific and technical instruments company’s stock valued at $241,000 after buying an additional 23 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Cognex by 2.4% during the second quarter. Stifel Financial Corp now owns 15,563 shares of the scientific and technical instruments company’s stock worth $1,316,000 after purchasing an additional 364 shares in the last quarter. LS Investment Advisors LLC increased its stake in shares of Cognex by 5.1% during the third quarter. LS Investment Advisors LLC now owns 8,996 shares of the scientific and technical instruments company’s stock worth $992,000 after purchasing an additional 439 shares in the last quarter. Intrust Bank NA increased its stake in shares of Cognex by 7.7% during the third quarter. Intrust Bank NA now owns 6,187 shares of the scientific and technical instruments company’s stock worth $683,000 after purchasing an additional 441 shares in the last quarter. Finally, FDx Advisors Inc. increased its stake in shares of Cognex by 7.5% during the third quarter. FDx Advisors Inc. now owns 6,416 shares of the scientific and technical instruments company’s stock worth $708,000 after purchasing an additional 447 shares in the last quarter. 42.10% of the stock is owned by institutional investors.

Shares of Cognex Co. (NASDAQ CGNX) traded up $0.97 during midday trading on Wednesday, reaching $68.39. 1,326,876 shares of the company traded hands, compared to its average volume of 1,373,330. Cognex Co. has a one year low of $32.05 and a one year high of $72.99. The stock has a market cap of $11,850.00, a PE ratio of 50.29 and a beta of 1.50.

Cognex (NASDAQ:CGNX) last announced its quarterly earnings data on Monday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. Cognex had a net margin of 34.77% and a return on equity of 23.31%. The company had revenue of $259.74 million during the quarter, compared to analysts’ expectations of $255.95 million. During the same quarter in the prior year, the company earned $0.31 EPS. Cognex’s revenue was up 75.6% compared to the same quarter last year. analysts predict that Cognex Co. will post 1.39 EPS for the current year.

CGNX has been the subject of a number of research reports. Zacks Investment Research raised shares of Cognex from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Wednesday, November 1st. BidaskClub raised shares of Cognex from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. Canaccord Genuity boosted their target price on shares of Cognex from $47.50 to $60.00 and gave the stock a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird boosted their target price on shares of Cognex from $50.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Finally, ValuEngine cut shares of Cognex from a “hold” rating to a “sell” rating in a research note on Thursday, December 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $60.17.

In other Cognex news, CEO Robert Willett sold 100,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $127.19, for a total value of $12,719,000.00. Following the transaction, the chief executive officer now directly owns 100,000 shares in the company, valued at approximately $12,719,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey Benjamin Miller sold 3,750 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $134.48, for a total transaction of $504,300.00. Following the completion of the transaction, the director now owns 3,750 shares in the company, valued at $504,300. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 143,750 shares of company stock valued at $18,540,975. 5.60% of the stock is owned by corporate insiders.

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Cognex Company Profile

Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process.

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Institutional Ownership by Quarter for Cognex (NASDAQ:CGNX)

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